Special Assets Portfolio Manager II

About the role

The Special Assets Portfolio Manager II is a key member of the “coverage team”, directly accountable for managing a portfolio of more complex, and typically larger stressed banking relationships through their review of updated financial statements, proactive monitoring, and interaction with the Credit Analysts and SAG Relationship Managers. Primary attention is given to underwriting and preparing approval memos for renewals, change in terms, and forbearance agreements. In addition, the Special Assets Portfolio Manager II is responsible for monitoring the current status of loan payments, past dues, loan collateral monitoring and inspections, pending maturities of loans and Forbearance Agreements, monetary compliance/defaults, covenant(s) compliance/defaults, and financial statement reporting compliance/defaults. Assists Workout Officers in coordinating the accumulation of all files (Credit, Collateral, SBA, shadow, side, etc.) to perform a thorough review of high risk banking relationships, ensuring financial statements are current and spread correctly to allow for a detailed review/analysis of: a) Balance Sheet leverage and liquidity; b) Income Statement margin performance and profitability/loss and resulting operating cash flows; c) collateral liquidation coverage margin vs. the bank's loan exposure; d) Guarantor liquidity and personal credit rating trends; and e) performing special projects; f) all other detailed analysis as required. Prepares documentation required for the processing of loans, reviews status of existing loans, recommends appropriate action on loans that are mature or past due, and assists Workout Officers in loan closings. Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience. While